Leasing Manager in Oregon Career Overview

As a Leasing Manager in Oregon, you hold a central role in the property management sector, overseeing the leasing operations for residential, commercial, or mixed-use properties. Your responsibilities encompass a variety of tasks that are essential to maintaining a successful leasing strategy.

  • You are responsible for developing and implementing leasing plans that align with the property owner's goals and market demands.
  • A key aspect of your role involves marketing the property, which includes conducting property tours, responding to inquiries, and coordinating promotional activities to attract potential tenants.
  • Building and maintaining relationships with existing and prospective tenants is vital. This includes negotiating lease terms, addressing tenant concerns, and ensuring tenant satisfaction to promote retention.
  • You also analyze market trends to inform pricing strategies, ensuring that rental rates remain competitive while meeting financial targets.
  • Effective communication with stakeholders, including property owners, real estate agents, and internal staff members, is crucial to ensure that all parties are aligned with leasing goals and property performance.
  • You may also oversee lease administration, ensuring that all documentation is accurate and compliant with relevant laws and regulations.

Your role significantly impacts property occupancy rates and overall profitability, making Leasing Manager positions vital to the health of the real estate industry in Oregon. Having a firm grasp of the local market and the ability to adapt to changing trends will enhance your effectiveness in this role.

Leasing Manager Salary in Oregon

Annual Median: $62,610
Hourly Median: $30.1

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Leasing Manager in Oregon

To become a Leasing Manager in Oregon, you will need a solid educational foundation. While specific educational requirements may vary, the following degree programs are highly recommended:

  • Business Administration and Management: A degree in this field provides you with broad knowledge in business principles, including finance, marketing, and organizational behavior, which are essential for managing leasing operations.

  • Business Administration: This program focuses on various aspects of running a business, equipping you with skills in strategy, management, and effective communication that are beneficial in a leasing environment.

  • Real Estate: Pursuing a degree specifically in real estate will give you insight into property laws, market analysis, and investment strategies, all of which are critical for successfully overseeing leasing activities.

  • Real Estate Development: This program combines elements of real estate with urban planning and project management. It prepares you to understand the development process and how it impacts leasing.

  • Property Management: A degree focused on property management covers essential topics such as leasing practices, tenant relations, and property maintenance, providing targeted knowledge that is directly applicable to a Leasing Manager role.

In addition to formal education, obtaining certifications in property management or real estate can further enhance your qualifications and make you a stronger candidate in the leasing field.

Best Schools to become a Leasing Manager in Oregon 2024

#1Maricopa County

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891
#2Merrimack County

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091
#3Salt Lake County

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935
#4El Paso County

Colorado Technical University-Colorado Springs

Colorado Springs, CO

In-State Tuition:$12,036
Out-of-State Tuition:$12,036
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:24,808
#5Maricopa County

Grand Canyon University

Phoenix, AZ

In-State Tuition:$16,407
Out-of-State Tuition:$16,407
Admission Rate:78%
Graduation Rate:45%
Total Enrollment:101,816
#6Lynchburg City

Liberty University

Lynchburg, VA

In-State Tuition:$15,467
Out-of-State Tuition:$15,467
Admission Rate:99%
Graduation Rate:66%
Total Enrollment:96,709
Leasing Manager Job Description:
  • Plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties.
  • Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).

Leasing Manager Required Skills and Competencies in Oregon

  • Communication Skills: You need to effectively convey information and ideas to potential tenants, property owners, and team members. Good verbal and written communication ensures clarity and fosters positive relationships.

  • Negotiation Skills: Mastering negotiation allows you to advocate for your property and achieve favorable lease terms while addressing the needs and concerns of tenants.

  • Customer Service Orientation: A strong focus on customer service will help you respond to tenant inquiries and concerns promptly and professionally, which enhances tenant satisfaction and retention.

  • Organizational Skills: You must manage various tasks simultaneously, including lease agreements, maintenance requests, and rent collections. Staying organized ensures nothing falls through the cracks.

  • Sales Skills: Being persuasive and engaging is essential for successfully marketing properties and converting inquiries into leases. Understanding the leasing process from a sales perspective will drive your success.

  • Financial Acumen: A solid understanding of budgeting, financial reporting, and pricing strategies is critical. You will need to analyze property performance and make informed decisions to maximize profitability.

  • Problem-Solving Skills: You should be adept at identifying problems and devising effective solutions quickly, whether related to tenant issues, property maintenance, or operational challenges.

  • Time Management: Prioritizing tasks effectively and managing your time will help you stay on top of your responsibilities, ensuring that lease agreements and property operations run smoothly.

  • Knowledge of Real Estate Laws: Familiarity with local, state, and federal housing regulations is necessary to ensure compliance and protect your property from legal issues.

  • Leadership Skills: As a Leasing Manager, you may be responsible for supervising staff. Leadership involves motivating your team, providing direction, and driving performance towards common goals.

  • Technical Proficiency: Being comfortable with property management software and digital communication tools will improve efficiency in managing tenant applications, tracking leases, and handling maintenance requests.

  • Attention to Detail: You must pay careful attention to details in lease agreements, policies, and property conditions. This skill helps prevent potential disputes and ensures accuracy in all transactions.

Job Duties for Leasing Managers

  • Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.

  • Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.

  • Prepare detailed budgets and financial reports for properties.

Technologies and Skills Used by Leasing Managers

Accounting software

  • Intuit QuickBooks
  • Sage 50 Accounting

Data base user interface and query software

  • Propertyware
  • Yardi software

Word processing software

  • Google Docs
  • Microsoft Word

Basic Skills

  • Reading work related information
  • Talking to others

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Social

  • Bringing people together to solve differences
  • Changing what is done based on other people's actions

Job Market and Opportunities for Leasing Manager in Oregon

The job market for Leasing Managers in Oregon reveals several favorable trends, indicating a promising landscape for those looking to enter or advance in this sector. Here are key insights about the current demand, growth potential, and geographical hotspots within the state.

  • Demand for Leasing Managers:

    • The demand for Leasing Managers is influenced by the state's growing population and increasing number of multifamily housing developments. With urban migration on the rise, there is a consistent need for professionals who can manage leasing operations effectively.
    • Industries such as multifamily residential, commercial real estate, and property management companies are actively seeking skilled Leasing Managers to tackle the complexities of tenant relations, lease agreements, and property upkeep.

  • Growth Potential:

    • The Oregon real estate market is on an upward trajectory, with forecasts suggesting sustained growth in both the residential and commercial sectors. This will likely lead to more job opportunities for Leasing Managers.
    • As companies continue to invest in new developments, there may be more opportunities for advancement within property management roles, as well as potential for specialization in areas such as luxury apartments or eco-friendly living spaces.

  • Geographical Hotspots:

    • Portland: As the largest city in Oregon, Portland presents a bustling real estate market with a diverse range of properties, from urban apartments to commercial spaces. The demand for Leasing Managers is particularly high here due to continuous urban development and a booming rental market.
    • Bend: Known for its outdoor lifestyle and tourism, Bend has seen significant growth in housing development, creating more opportunities for Leasing Managers in both seasonal rentals and long-term leasing sectors.
    • Eugene: With numerous colleges and a vibrant arts scene, Eugene attracts many individuals seeking rental properties. The steady influx of students and young professionals ensures a consistent demand for Leasing Managers.
    • Salem: As the state capital, Salem is experiencing growth in both residential and commercial sectors, leading to an increased need for Leasing Managers to handle various properties.

The combination of favorable demand dynamics, growth potential, and strategic locations makes Oregon an appealing state for Leasing Managers looking to build or enhance their careers in the real estate industry.

Top Related Careers to Leasing Manager 2024

Real Estate Portfolio Manager
Housing Development Coordinator
Condominium Association Director
Rental Property Supervisor

Additional Resources To Help You Become a Leasing Manager in Oregon

  • National Apartment Association (NAA)
    A leading trade association for the rental housing industry, offering education, resources, and networking opportunities.
    National Apartment Association

  • Institute of Real Estate Management (IREM)
    This organization provides resources for property and asset management professionals, including certification programs.
    Institute of Real Estate Management

  • Oregon Rental Housing Association (ORHA)
    A state-focused association that supports landlords and property managers in Oregon through advocacy, training, and resources.
    Oregon Rental Housing Association

  • Oregon Real Estate Agency
    Provides regulatory oversight for real estate activities in Oregon, including licensing and professional standards relevant to leasing managers.
    Oregon Real Estate Agency

  • Bureau of Labor and Industries (BOLI)
    Offers insights into labor laws, housing regulations, and other important guidelines that affect leasing and property management in Oregon.
    Bureau of Labor and Industries

  • Multifamily Housing Resource Center
    An online hub offering information, studies, and resources related to multifamily housing issues.
    Multifamily Housing Resource Center

  • Real Estate Financial Modeling (REFM)
    Provides educational material related to real estate finance, including financial modeling tools that are beneficial for leasing managers.
    Real Estate Financial Modeling

  • Property Management Insider
    A blog featuring articles and insights on property management best practices, industry trends, and tips for leasing managers.
    Property Management Insider

  • The Balance Small Business – Real Estate
    This section offers articles and guides on various real estate career paths, including leasing management.
    The Balance Small Business – Real Estate

  • LinkedIn Learning
    An online learning platform offering courses related to property management, leasing techniques, and customer service that can enhance your skills as a leasing manager.
    LinkedIn Learning

These resources offer valuable insights and support, helping you to stay informed and effective in your role as a Leasing Manager in Oregon.

Frequently Asked Questions (FAQs) About Leasing Manager in Oregon

  • What qualifications do I need to become a Leasing Manager in Oregon?
    To become a Leasing Manager in Oregon, you typically need a high school diploma or equivalent. Many employers prefer candidates with a degree in business administration, property management, or a related field. Relevant experience in sales or property leasing can also be beneficial.

  • Is a real estate license required to work as a Leasing Manager in Oregon?
    While a real estate license is not always mandatory for Leasing Managers, having one can enhance your job prospects and credibility. In Oregon, if you are involved in property management and leasing, you may need a license, depending on the nature of your work.

  • What skills are essential for a successful Leasing Manager?
    Key skills include:

    • Strong communication and interpersonal abilities
    • Customer service orientation
    • Negotiation and sales skills
    • Organizational and time-management skills
    • Knowledge of local housing laws and regulations

  • What are the typical responsibilities of a Leasing Manager?
    As a Leasing Manager, your duties often include:

    • Overseeing rental applications and tenant screenings
    • Conducting property tours and open houses
    • Managing lease agreements and renewals
    • Handling tenant inquiries and complaints
    • Implementing marketing strategies to attract potential renters

  • What is the average salary of a Leasing Manager in Oregon?
    The average salary for a Leasing Manager in Oregon varies based on location, experience, and the type of properties managed. Generally, you can expect a salary range between $45,000 and $70,000 per year, with the potential for bonuses and commissions.

  • What career advancement opportunities exist for Leasing Managers?
    Leasing Managers can advance to higher positions such as Regional Manager, Property Manager, or even Director of Property Management. Gaining additional certifications and expanding your network in the real estate community can facilitate upward movement in your career.

  • What are common challenges faced by Leasing Managers?
    Common challenges include dealing with difficult tenants, market fluctuations that affect occupancy rates, maintaining positive relationships with property owners, and staying compliant with changing housing regulations and laws.

  • How can I improve my chances of getting hired as a Leasing Manager?
    To enhance your hiring prospects:

    • Gain experience in customer service or sales roles.
    • Familiarize yourself with the local rental market and regulations.
    • Pursue relevant certifications, such as the Certified Apartment Manager (CAM) designation.
    • Network with industry professionals and attend industry events.

  • What is the work environment like for Leasing Managers?
    Leasing Managers typically work in an office setting within residential or commercial properties. The role may require frequent interaction with tenants, property owners, and maintenance staff, along with occasional site visits and property showings.

  • Are there specific software tools that Leasing Managers should be familiar with?
    Yes, proficiency in property management software, such as Yardi or AppFolio, can be advantageous. Familiarity with Microsoft Office Suite is also beneficial for documentation and communication tasks.